New York

Jay Group Secures $37M Financing for Mixed-Use Development at 54-62 West 125th Street in Harlem, Manhattan

7:30 am on December 8, 2018 By Vanessa Londono

After purchasing a five-building site at 54-62 West 125th Street this summer, Developer Jay Group recently secured $37 million in financing to develop the mixed-use property. Their 140,000 square-foot vision in Harlem, Manhattan includes one retail unit and the addition of 141 residential units to the area between Lenox and Fifth Avenues. The projected development site qualifies for both 421-a and Industrial and Commercial Abatement Program tax benefits for the mix of commercial and residential units—30 percent of which will be affordable. JFA is responsible for the design.

Glass Facade Fully Encloses 63-Story 19 Dutch, in The Financial District

8:00 am on December 7, 2018 By Michael Young

Situated along the intersection of Fulton Street and Dutch Street in Lower Manhattan, 19 Dutch ranks 24th on New York City’s list of the thirty tallest skyscrapers currently under construction. Standing 770 feet tall, the 63-story tower will have 483 rental units. The building was designed by New York’s GKV Architects, while SLCE served as the architect of record. Carmel Partners is the developer of the project. Douglas Elliman Development Marketing is handling the leasing and marketing while interiors are being designed by Colum McCartan.

Queens Plaza Park, rendering courtesy the Durst Organization (left) and Long Island City Clock Tower, via Google Maps (right)

Second Round of Long Island City’s Skyscraper Boom Gets Underway as Durst’s 67-Story Queens Plaza Park Begins Rising at 27-29 Queens Plaza North

8:00 am on December 5, 2018 By Michael Young

Located in Long Island City at 27-29 Queens Plaza North, Queens Plaza Park will soon be one of the tallest skyscrapers in both Queens and New York City. It is also addressed as 29-37 41st Avenue. The 755-foot-tall, 67-story tower is nearing completion of its concrete foundations, and vertical ascent should begin sometime in the first half of 2019. A new updated design by Handel Architects was revealed back in April, and features a concave-shaped glass building. Selldorf Architects is designing the interiors while The Durst Organization is in charge of developing the 978,000 square foot tower.

Roseland-Replacing ARO at 242 West 53rd Street Nears Full Completion in Midtown West

8:00 am on December 4, 2018 By Michael Young

With its bold white brick-pattern facade soaring over the former site of the Roseland Ballroom, ARO, aka 242 West 53rd Street, is currently the 27th tallest skyscraper under construction in New York City, and perhaps the closest on the list to the finish line. It is nearing completion, with occupancy set to begin anytime now. This new 738-foot, 62-story residential skyscraper is bringing 426 apartment units to Midtown West. Its 450,000 square feet is being designed by CetraRuddy Architecture, while Algin Management is the developer. Triumph Property Group is handling the leasing of the units.

Brooklyn Point’s Rapid Ascent Continues in Downtown Brooklyn

8:00 am on December 3, 2018 By Michael Young

Set to become the temporary-tallest residential building in Downtown Brooklyn, and ranking 28th among the 30 tallest skyscrapers currently under construction across the Five Boroughs, Extell’s Brooklyn Point, aka 138 Willoughby Street, has now surpassed the halfway mark in its rise. The upcoming 720-foot-tall tower is designed by Kohn Pedersen Fox, with SLCE Architects serving as the architect of record. Interiors are being designed by Katherine Newman, while the landscaping of the private outdoor spaces is being carried out by MNLA.

COOKFOX-Designed 25 Park Row Has Reached its Pinnacle Atop the Financial District

8:00 am on December 2, 2018 By Michael Young

At the time of YIMBY’s last update on the 702-foot-tall and 50-story 25 Park Row, the tower was climbing to the final floor of its crown. Now, the 29th-tallest skyscraper currently under construction in the Five Boroughs has topped-out over City Hall Park and the Financial District, making a noticeable impact on the Lower Manhattan skyline when looking east from Broadway and City Hall Park. The building will include 110 condominiums and is being designed by COOKFOX Architects and developed by L&M Development Partners, as well as the J&R Music Store founders. It took less than a year for this tower to rise to its pinnacle, while the glass and facade panels are continuing to rise into the sky.

Renderings Revealed for 185 Broadway, SL Green’s 31-Story Residential Tower Coming to The Financial District

7:30 am on December 2, 2018 By Michael Young

New renderings have been revealed for 185 Broadway, which is imminently set to rise in Lower Manhattan. Designed by FX Collaborative Architects and developed by SL Green, the 31-story, 260,000 square foot, mixed-use and partially affordable building has had its site prep completed, as demolition of three previously extant low-rise structures at 183 Broadway, 187 Broadway, and 5-7 Dey Street has fully wrapped. Necessary air rights and financing to begin construction have also been obtained, and work is anticipated to start in the first quarter of 2019.

Site Work Commences for Bjarke Ingels-Designed “29th & 5th” at 3 West 29th Street in NoMad, Manhattan

8:00 am on November 29, 2018 By Michael Young

Known simply as “29th & 5th,” the site for BIG’s proposed NoMad skyscraper is located at 3 West 29th Street, several blocks south of the Empire State Building, in Midtown Manhattan. The future office tower will eventually rise 34 stories and 551 feet tall, making it stand out amongst the local vicinity. Covering 300,000 square feet, it incorporates a mix of a glass curtain wall on the eastern facade with staggered open terraces for workers to step out and see the views of the skyline. HFZ Capital Group is the developer of the upcoming project.

Planned Skyscraper at 131-141 East 47th Street Appears Stalled, Likely Another Casualty Of Chinese Capital Outflow Restrictions in Midtown East, Manhattan

8:00 am on November 24, 2018 By Michael Young

YIMBY’s recent reportage on a new wave of failed development sites has yet another likely addition. Renderings for the new look of 131-141 East 47th Street were revealed by YIMBY back in April of 2016, and since then, the site for the 49-story, 122-unit residential tower has been cleared of the previously extant structures. However, over two years post-demolition, work has appeared to come to a grinding halt, with no subsequent progress yet visible. The project is being developed by New Empire Real Estate, with SLCE Architects leading design, with the Chinese crackdown on capital outflows a likely explanation for the apparent pause in construction.

Demolition Complete for ODA’s Tree-Topped Skyscraper at 75 Nassau Street in The Financial District

8:00 am on November 21, 2018 By Michael Young

When YIMBY last visited the site of ODA‘s planned tree-topped skyscraper at 75 Nassau Street, the remaining buildings were still being demolished. Now, the lots for the 40-story tower are completely empty and cleaned up. Five buildings had to be razed to make way for the future 498-foot tall, 312,000 square foot structure, which promises to make a unique imprint on the Lower Manhattan skyline. Lexin Capital is the developer of the project, which appears to be stalled at the moment, with no progress since demolition currently visible.

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